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CFPB Issues Warning on Contract-for-Deed Transactions

CFPB Issues Warning on Contract-for-Deed Transactions

by Phil Hall | Aug 14, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has released an advisory opinion and research report highlighting predatory lending concerns related to contract-for-deed home selling. In a press statement, the CFPB warned that contract-to-deed transactions “often have...

Doma Title Insurance to Offer ID Verification Tool to Agents and Attorney

by Phil Hall | Aug 9, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Miami-based Doma Title Insurance Inc. has partnered with Intellicheck, a provider of digital and physical identity validation solutions, to offer Doma’s independent title agents and approved attorneys a new tool designed to detect seller impersonation. During 2023,...
Australian Ex-Real Estate Agent Sentenced for Pilfering Clients’ Deposits

Australian Ex-Real Estate Agent Sentenced for Pilfering Clients’ Deposits

by Phil Hall | Aug 6, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A former real estate agent in Australia was sentenced to four months in prison for misusing his clients’ homebuying deposits. News.com.au reported Justin Scavo, who was sole director of Revolve Real Estate, started withdrawing money from the trust accounts of four...
Study: 28% of Title Insurance Companies Report Seller Impersonation Fraud

Study: 28% of Title Insurance Companies Report Seller Impersonation Fraud

by Phil Hall | Aug 5, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Seller impersonation fraud is growing across the US real estate industry, according to new data from the American Land Title Association (ALTA) that found 28% of title insurance companies experiencing at least one seller impersonation fraud attempt last year while two...
Nigerian Man Pleads Guilty to Real Estate Phishing Fraud Scheme

Nigerian Man Pleads Guilty to Real Estate Phishing Fraud Scheme

by Phil Hall | Jul 24, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

A Nigerian national pleaded guilty to defrauding homeowners and real estate professionals out of down payments in a “man-in-the-middle” email phishing and spoofing scheme. According to an announcement by the office of U.S. Attorney for the Northern District of Texas,...
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